Deals
Isofoton Plans $377 Million Investment in Germany’s Q-Cells
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Isofoton SA plans to team up with Rocket Venture Fund to invest 300 million euros ($377 million) in Q-Cells SE as long as the creditors of the insolvent German solar-cell manufacturer accept their offer.
One hundred million euros will be used to make high-efficiency solar cells in Q-Cells’ plant in Germany, Madrid-based Isofoton said today in an e-mailed statement. Another 200 million euros will be used to boost production in Malaysia.